iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) Shares Break Below 200 Day Moving Average – Time to Sell?

Shares of iShares U.S. Thematic Rotation Active ETF (NYSEARCA:THRO) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $41.51 and traded as low as $41.20. iShares U.S. Thematic Rotation Active ETF shares last traded at $41.23, with a volume of 911,804 shares traded.

iShares U.S. Thematic Rotation Active ETF Price Performance

The firm has a market cap of $7.02 billion, a price-to-earnings ratio of -4,001.36 and a beta of 1.10. The firm has a fifty day simple moving average of $43.95 and a two-hundred day simple moving average of $41.51.

Hedge Funds Weigh In On iShares U.S. Thematic Rotation Active ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Gen Wealth Partners Inc boosted its stake in iShares U.S. Thematic Rotation Active ETF by 4.5% in the 3rd quarter. Gen Wealth Partners Inc now owns 113,246 shares of the company’s stock worth $4,981,000 after purchasing an additional 4,926 shares in the last quarter. Parallel Advisors LLC purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth approximately $5,690,000. Team Financial Group LLC purchased a new stake in iShares U.S. Thematic Rotation Active ETF during the 3rd quarter worth approximately $127,000. Gilliland Jeter Wealth Management LLC increased its stake in iShares U.S. Thematic Rotation Active ETF by 28.5% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 17,716 shares of the company’s stock valued at $779,000 after purchasing an additional 3,927 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its stake in iShares U.S. Thematic Rotation Active ETF by 7.7% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 7,277 shares of the company’s stock valued at $320,000 after purchasing an additional 518 shares in the last quarter.

About iShares U.S. Thematic Rotation Active ETF

The iShares U.S. Thematic Rotation Active ETF (THRO) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund of US stocks selected to provide exposure to multiple themes, including emerging and structural trends. THRO was launched on Dec 14, 2021 and is issued by BlackRock.